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BIZCHINA / Center
Property prices?in major cities?up 8.2% in August
By Dai Yan (chinadaily.com.cn)
Updated: 2007-09-12 17:24
Property prices in China's 70 large and medium-sized cities rose 8.2
percent year-on-year in August, the fastest monthly increase this year,
according to statistics from the National Development and Reform
Commission and the National Bureau of Statistics.
The growth rate was 0.7 percentage points higher than that of July. The
prices were up 1.4 percent from July, 0.2 percentage points higher
compared with the growth from the previous month.
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Special Coverage:
Housing in China
In August, prices for newly built residential houses rose nine percent
from a year earlier, up from 8.1 percent in July, and 1.5 percent over
the pervious month, compared with 1.3 percent in July.
Prices for affordable, ordinary and high-end houses increased by 3.1, 9.3
and 10 percent respectively year-on-year, and 0.7, 1.6 and 1.7 percent
respectively from July.
Beihai, a small city at the southern end of South China's Guangxi Zhuang
Autonomous Region, posted the fastest year-on-year price growth of 18.2
percent for new houses among the cities. It was followed by Shenzhen,
where prices rose 17.6 percent, and Urumqi, 15.5 percent, Beijing, 13.5
percent and Bengpu, 11.1 percent.
Cities with the fastest month-on-month new house price increases included
Hangzhou, 4.7 percent, Urumqi, four percent, Dali, 2.8 percent,
Shijiazhuang, 2.5 percent, Kunming, 1.7 percent, Shanghai, 1.6 percent
and Shenzhen, 1.5 percent.
Prices of second-hand houses rose 7.9 percent year-on-year in August, up
from 7.3 percent in July. The prices were up two percent from July.
Shenzhen posted a 22 percent rise year-on-year, the fastest among the 70
cities. It was followed by Beijing, 10.6 percent, Zhengzhou, 10 percent,
Mudanjiang, 9.5 percent, Ningbo, 9.3 percent and Urumqi, 9.2 percent.
Among the cities that posted the fastest increase compared with July were
Zhengzhou, 5.9 percent, Shenyang, 5.2 percent, Urumqi, 3.7 percent,
Mudanjiang, 3.7 percent, Changchun, 3.4 percent and Nanchang, 2.8 percent.
Non-residential property prices were up 6.2 percent from a year earlier
in August, 0.2 percentage points higher over the increase in July. The
prices rose 0.5 percent compared with July.
Prices for office buildings, amusement and industrial warehousing
properties increased 6.5, 7.4 and 6.1 percent respectively year-on-year.
(For more biz stories, please visit Industry Updates)
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